Amazon Cuts Selling Partner Jobs Amid Whole Foods Daily Shop Expansion to 3 Cities; AMZN at $270

Amazon reported a small number of layoffs in its Selling Partner Services division on May 15, part of an efficiency drive with AI investments following 57,000 total cuts since 2022. The move caps a week starting with May 12 closures of Amazon Fresh and Go stores due to poor economics, sinking shares 1.59% to $264.70 (mcap $2.89T). Shares rebounded 1.62% to $270.13 (mcap $2.86T) after May 13-14 announcements of Whole Foods Daily Shop expansion to Boston, Chicago, and Philadelphia over two years, with leases signed and supporting 550+ stores plus delivery in 5,000+ cities.